{"id":"https://openalex.org/W1552357445","doi":"https://doi.org/10.1596/1813-9450-6400","title":"Rethinking the State's Role in Finance","display_name":"Rethinking the State's Role in Finance","publication_year":2013,"publication_date":"2013-04-01","ids":{"openalex":"https://openalex.org/W1552357445","doi":"https://doi.org/10.1596/1813-9450-6400","mag":"1552357445"},"language":"en","primary_location":{"id":"doi:10.1596/1813-9450-6400","doi":"https://doi.org/10.1596/1813-9450-6400","is_oa":false,"landing_page_url":"https://doi.org/10.1596/1813-9450-6400","pdf_url":null,"source":{"id":"https://openalex.org/S4306464317","display_name":"World Bank, Washington, DC eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"book"},"volume":null,"type":"report","is_traditional":false,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://hdl.handle.net/10986/13197","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022334887","display_name":"Martin \u010cih\u00e1k","orcid":"https://orcid.org/0000-0002-3571-9707","observed_orcids":["https://orcid.org/0000-0002-3571-9707"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Martin \u010cih\u00e1k","raw_affiliation_strings":["","International Monetary Fund (IMF)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"International Monetary Fund (IMF)","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110601803","display_name":"Asli Demirg\u00fc\u00e7\u2010Kunt","orcid":"https://orcid.org/0000-0002-2107-5461","observed_orcids":["https://orcid.org/0000-0002-2107-5461"]},"institutions":[{"id":"https://openalex.org/I1334329717","display_name":"World Bank","ror":"https://ror.org/00ae7jd04","country_code":"US","type":"other","lineage":["https://openalex.org/I1334329717","https://openalex.org/I55633929"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Asli Demirg\u00fc\u00e7-Kunt","raw_affiliation_strings":["","World Bank;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"","institution_ids":[]},{"raw_affiliation_string":"World Bank;","institution_ids":["https://openalex.org/I1334329717"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9721999764442444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.013700000010430813,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.004999999888241291,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.859000027179718},{"id":"https://openalex.org/keywords/state-owned-banks","display_name":"state-owned banks","score":0.9390000104904175},{"id":"https://openalex.org/keywords/credit-supply","display_name":"credit supply","score":0.47099998593330383},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.75},{"id":"https://openalex.org/keywords/regulatory-enforcement","display_name":"regulatory enforcement","score":0.6930000185966492},{"id":"https://openalex.org/keywords/financial-intermediation","display_name":"financial intermediation","score":0.5989999771118164},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.5070000290870667},{"id":"https://openalex.org/keywords/market-competition","display_name":"market competition","score":0.6169999837875366},{"id":"https://openalex.org/keywords/counterparty-risk","display_name":"counterparty risk","score":0.8240000009536743},{"id":"https://openalex.org/keywords/financial-transparency","display_name":"financial transparency","score":0.7519999742507935},{"id":"https://openalex.org/keywords/financial-infrastructure","display_name":"financial infrastructure","score":0.7770000100135803},{"id":"https://openalex.org/keywords/financial-sector-policy","display_name":"financial sector policy","score":0.6200000047683716},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.5320000052452087}],"concepts":[{"id":"https://openalex.org/C48103436","wikidata":"https://www.wikidata.org/wiki/Q599031","display_name":"State (computer science)","level":2,"score":0.5243884921073914},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.36221960186958313},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.3619772791862488},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.33953094482421875},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.16029363870620728},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1596/1813-9450-6400","doi":"https://doi.org/10.1596/1813-9450-6400","is_oa":false,"landing_page_url":"https://doi.org/10.1596/1813-9450-6400","pdf_url":null,"source":{"id":"https://openalex.org/S4306464317","display_name":"World Bank, Washington, DC eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"book"},{"id":"pmh:oai:RePEc:wbk:wbrwps:6400","doi":null,"is_oa":false,"landing_page_url":"http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/04/000158349_20130404091612/Rendered/PDF/wps6400.pdf","pdf_url":"http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/04/000158349_20130404091612/Rendered/PDF/wps6400.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3125696313","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/wbkwbrwps/6400.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:openknowledge.worldbank.org:10986/13197","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10986/13197","pdf_url":null,"source":{"id":"https://openalex.org/S4377196270","display_name":"The World Bank Open Knowledge Repository (World Bank)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1334329717","host_organization_name":"World Bank","host_organization_lineage":["https://openalex.org/I1334329717"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:openknowledge.worldbank.org:10986/13197","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10986/13197","pdf_url":null,"source":{"id":"https://openalex.org/S4377196270","display_name":"The World Bank Open Knowledge Repository (World Bank)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1334329717","host_organization_name":"World Bank","host_organization_lineage":["https://openalex.org/I1334329717"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.666700005531311,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":64,"referenced_works":["https://openalex.org/W218901999","https://openalex.org/W595424127","https://openalex.org/W1486409924","https://openalex.org/W1523850061","https://openalex.org/W1530373173","https://openalex.org/W1534776470","https://openalex.org/W1568092302","https://openalex.org/W1572603029","https://openalex.org/W1776408519","https://openalex.org/W1910227314","https://openalex.org/W1950424839","https://openalex.org/W1958680553","https://openalex.org/W1984098175","https://openalex.org/W1984742765","https://openalex.org/W1992135971","https://openalex.org/W1995808932","https://openalex.org/W2005919821","https://openalex.org/W2020328061","https://openalex.org/W2029927504","https://openalex.org/W2057693493","https://openalex.org/W2062904349","https://openalex.org/W2097952164","https://openalex.org/W2098677306","https://openalex.org/W2103042608","https://openalex.org/W2105973145","https://openalex.org/W2106090279","https://openalex.org/W2109301602","https://openalex.org/W2114279414","https://openalex.org/W2119324686","https://openalex.org/W2130372002","https://openalex.org/W2130438662","https://openalex.org/W2133650212","https://openalex.org/W2150661422","https://openalex.org/W2155958625","https://openalex.org/W2156471341","https://openalex.org/W2159714773","https://openalex.org/W2160222167","https://openalex.org/W2165575602","https://openalex.org/W2171022524","https://openalex.org/W2171227005","https://openalex.org/W2587135999","https://openalex.org/W2955839935","https://openalex.org/W2964460132","https://openalex.org/W3049087629","https://openalex.org/W3085340270","https://openalex.org/W3121266442","https://openalex.org/W3121476497","https://openalex.org/W3121949613","https://openalex.org/W3122465838","https://openalex.org/W3122469573","https://openalex.org/W3122974722","https://openalex.org/W3123352109","https://openalex.org/W3123416450","https://openalex.org/W3123460554","https://openalex.org/W3124186422","https://openalex.org/W3124207197","https://openalex.org/W3124459332","https://openalex.org/W3124531146","https://openalex.org/W3125002227","https://openalex.org/W3125066429","https://openalex.org/W3140809378","https://openalex.org/W4288545760","https://openalex.org/W4388152401","https://openalex.org/W7213231486"],"related_works":["https://openalex.org/W850878981","https://openalex.org/W4230048674","https://openalex.org/W7043225203","https://openalex.org/W1582455314","https://openalex.org/W2154233227","https://openalex.org/W2328522707","https://openalex.org/W1994380104","https://openalex.org/W1520994542","https://openalex.org/W2750497992","https://openalex.org/W2397858400"],"abstract_inverted_index":{"The":[0,86,181],"global":[1,133],"financial":[2,17,106,184],"crisis":[3,45,84,111],"has":[4,37],"given":[5],"greater":[6],"credence":[7],"to":[8,53,71,78,146,188],"the":[9,16,41,44,73,83,110,114,118,132,143,168],"idea":[10],"that":[11,138,166],"active":[12],"state":[13,87,144],"involvement":[14],"in":[15,39,94,172],"sector":[18,185],"can":[19],"be":[20],"helpful":[21],"for":[22,31],"stability":[23],"and":[24,63,98,104,155,177],"development.":[25],"There":[26,161],"is":[27,113,162,187],"now":[28],"evidence":[29,50,165],"that,":[30],"example,":[32],"lending":[33],"by":[34],"state-owned":[35],"banks":[36],"helped":[38],"mitigating":[40],"impact":[42],"of":[43,57,65,109,116,140,152,158,175,183],"on":[46,60],"aggregate":[47],"credit.":[48],"But":[49],"also":[51,136,163],"points":[52],"negative":[54],"longer-term":[55],"effects":[56],"direct":[58,77,80],"interventions":[59],"resource":[61],"allocation":[62],"quality":[64],"intermediation.":[66],"This":[67],"suggests":[68,137],"a":[69],"need":[70],"rebalance":[72],"state's":[74,169],"roles":[75],"from":[76],"less":[79],"involvement,":[81],"as":[82],"subsides.":[85],"does":[88],"have":[89],"very":[90],"important":[91],"roles,":[92],"especially":[93],"providing":[95],"well-defined":[96],"regulations":[97,128],"enforcing":[99],"them,":[100],"ensuring":[101],"healthy":[102,150],"competition,":[103,142],"strengthening":[105],"infrastructure.":[107],"One":[108],"lessons":[112],"importance":[115],"getting":[117],"basics":[119],"right":[120],"first:":[121],"countries":[122],"with":[123,193],"complex":[124],"but":[125],"poorly":[126],"enforced":[127],"suffered":[129],"more":[130],"during":[131],"crisis.":[134],"Evidence":[135],"instead":[139],"restricting":[141],"needs":[145],"encourage":[147],"contestability":[148],"through":[149],"entry":[151],"well-capitalized":[153],"institutions":[154],"timely":[156],"exit":[157],"insolvent":[159],"ones.":[160],"new":[164],"supports":[167],"key":[170],"role":[171],"promoting":[173],"transparency":[174],"information":[176],"reducing":[178],"counterparty":[179],"risk.":[180],"challenge":[182],"policies":[186],"better":[189],"align":[190],"private":[191,200],"incentives":[192],"public":[194],"interest,":[195],"without":[196],"taxing":[197],"or":[198],"subsidizing":[199],"risk-taking.":[201]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":3}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
